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own country and the bit at the un this whale is a readiness for and the palestinians they have the tax money that they are withholding and they can do even or take more measures against the palestinians and it is obama willing to maybe exercise pressure him as well that's something that a lot of people think well you know you have to lobby the congress you have a lot of players here not mr that's not going to be the case not in the not in the first year at least it was just seems like obama could at least condemn the fact that israel is violating international law by building an encroaching on post and then just like the rest of the international community france and and all these countries are saying we don't we condemn this we don't agree with this so for obama to just kind of sit back and just totally ally himself with israel is just i think an insult really and you know let's see if anything changes i fear that it won't hope. things do move forward thank you so much for coming on. really push your time thank you. i want to get serious i want to talk to you about torture but more im
own country and the bit at the un this whale is a readiness for and the palestinians they have the tax money that they are withholding and they can do even or take more measures against the palestinians and it is obama willing to maybe exercise pressure him as well that's something that a lot of people think well you know you have to lobby the congress you have a lot of players here not mr that's not going to be the case not in the not in the first year at least it was just seems like obama...
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Nov 25, 2012
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there were tax cuts for the rich and tax cuts for the middle class. we want to give the middle class a shot for success as the economy is recovering. the gap between rich and poor in this country has never been greater. we need to find ways to create more balanced. we are fighting to say, less than have -- let's go back to the tax rate we had in the clinton era. when you are talking about marginal tax rates for those who are making above $250,000 -- the bottom line in california is not about pensions. california has passed do revenue from the recent election to try to get money back into schools. you are right that in a public education system, parents should not be asked to subsidize each and every day. that is what is happening in lots of places. i have seen across the country how parents are being axed. it would be better -- i have seen across the country how parents are being asked. there has to be transparency and there has to be accountability in terms of what the money is used for. thes go in and looked at well-rounded education kids have in pr
there were tax cuts for the rich and tax cuts for the middle class. we want to give the middle class a shot for success as the economy is recovering. the gap between rich and poor in this country has never been greater. we need to find ways to create more balanced. we are fighting to say, less than have -- let's go back to the tax rate we had in the clinton era. when you are talking about marginal tax rates for those who are making above $250,000 -- the bottom line in california is not about...
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Nov 28, 2012
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tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into the conversation. you got cards. we would love to take your questions and also be getting questions as they call it on "morning joe"," the twitter machine. we would love to bring out grover norquist, president of americans for tax reform. good morning, grover. [applause] >> you don't have your bag. he is attached to his bag. >> they told me it was too streamlined up here for the bag. >> thank you very much for coming out. can republicans raise taxes and not break your pledge? >> difficult. >> it's not know
tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into...
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know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the dots on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many cases is. upon individuals or mortgage holders or entire countries using very dubious sales tactics or just outright debt cram downs we see this in many countries and then in the cases where debts cannot be paid the collection of those debts is passed off to a debt collection agency as you point out for pennies on the dollar the debt collection agency by used those debts as a counter saying of all in the. i hope that they can get enough people to pay off their debt to legitimize their cost of buying those debts and we have a situation where debt is the currency of financial repression financial zero
know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the dots on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many...
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government still spending one of the half trillion dollars in the bad economy above what it rings in in tax receipts now if they go the other direction not only with the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put in the context of you wrote a book called debunking economics and you're saying that traditionally certain things are not included in the modeling of the economy and it goes back to what people's definition of money is bring that back again because in your definition of money you include things like debt i include the capacity of the private banking sector to create money by creating that independent of what the central banks rossiter the control them right so that's fundamentally different than what the economist on the page of the new york times well you would probably mean when you had that ridiculous slanging match with me on the on the internet at one stage claimed that even t
government still spending one of the half trillion dollars in the bad economy above what it rings in in tax receipts now if they go the other direction not only with the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put in the context of you wrote a book called debunking economics and you're saying...
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tax cuts. fiscal cliffs. >> that's 5-month-old mace john jackson and tax hikes and now the president and dan lothian from the white house, how is the president handling this? he's probably not doing as much laughing. >> reporter: what you saw today is the president bringing in americans. he says they will be impacted if the middle class tax cuts are not extending. they sent a message out there to republicans saying that they need to come on board and support this effort. republicans pushing back thinking that they don't think the upper income americans should see their taxes go up. what the president said to those who were here and those watching, put pressure on their lawmakers to support pushing out the bush era tax cuts for just middle class americans, not just through this effort but to text, to call, to send a fax, even twitter and the white house coming up with y2k referring to the amount of average middle class families would see their taxes go up by the white house says, $2200. so the p
tax cuts. fiscal cliffs. >> that's 5-month-old mace john jackson and tax hikes and now the president and dan lothian from the white house, how is the president handling this? he's probably not doing as much laughing. >> reporter: what you saw today is the president bringing in americans. he says they will be impacted if the middle class tax cuts are not extending. they sent a message out there to republicans saying that they need to come on board and support this effort. republicans...
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Nov 27, 2012
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reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth. democrats say the middle class could be spared from a tax increase now. >> however as we continue to negotiate a responsible path forward i remind everyone within the sound of my voice of one fact. this congress is where one vote away from avoiding the fiscal cliff for middle class families
reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making...
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with a site that is about sewing that workers save enough for enough when people pay the tax. not be able to afford to go to university their kids not be able to get social housing or the social benefits being eroded child benefit being stuck. that is good to do something about it. if you don't fight then you're to put up with a posse sign if you do want to fight you've got a chance of winning. we'll be back with more international news in thirty minutes coming up in a few moments our special report iraq. issues that so much of the huge musician. market revolutionary dictator in the making president mohammed morsi is presidential decree spreading in wide powers has reopened the debate about. live . live . live. live live. live. live live live . more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day.
with a site that is about sewing that workers save enough for enough when people pay the tax. not be able to afford to go to university their kids not be able to get social housing or the social benefits being eroded child benefit being stuck. that is good to do something about it. if you don't fight then you're to put up with a posse sign if you do want to fight you've got a chance of winning. we'll be back with more international news in thirty minutes coming up in a few moments our special...
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Nov 27, 2012
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lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong holiday sales won't last. the dow jones industrial average lost 42 points to close at 12,967. the nasdaq managed about a ten- point gain to close at 2976. the woman who helped steer the government's regulatory response to the 2008 financial crisis is stepping down. mary schapiro announced today she's resigning as chair of the securities and exchange commission after nearly four years. president obama has designated s.e.c. commissioner elisse walter to replace schapiro, effective december 14. in bangladesh, thousands of people protested today over a deadly fire at a factory that makes garments for american and other companies. at least 112 people died in the saturday night blaze on the outskirts of dhaka, the country's capital. today, crowds of textile workers demanded justice and improved conditions. they accused management of putting production quotas ahead of people's lives. . >> reporter: what the f
lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong holiday sales won't last. the dow jones industrial average lost 42 points to close at 12,967. the nasdaq managed about a ten- point gain to close at 2976. the woman who helped steer the government's regulatory response to the 2008 financial crisis is stepping down. mary schapiro announced today she's resigning...
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Nov 29, 2012
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we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in the national defense and protecting our most honorable. we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together or we will succeed together. there is nothing in between. i am confident that we can pass the test and do what is good and right for the american people. >> the president has been talking a lot about taxes lately, and as acpa who practiced for years and a member of ways and means committee, there is no one who likes to talk about tax more than i do. but let's be honest -- talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, aga
we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in the national defense and protecting our most honorable. we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together or we will...
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Nov 26, 2012
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its taxes for everybody. you cannot bring down the debt with a $5 trillion in your accumulated over the last four years to pay it down. you need structure readjustment with the entitlements, also, with social security, medicare, medicaid, also, and, also, the tax reform. the republicans have talked about revenue coming in from growth jobs and getting the economy going. when you get the economy going, you get more money coming into the irs and treasury/ when more americans are at work, they are paying. i don't believe it -- it is , woodymr. norquist said, it is a pledge to the people. some of those senators wanting to raise -- wanting not to raise taxes, that pledge, they knew what would happen to them, they would get run out of state. first i want to see president obama's cards on the table. host: jerry is up next in st. charles, missouri. good morning. caller: one of the things i would like to talk about is the waste in government. i see it continuously in ads on. on a completely off as far as a meter for yo
its taxes for everybody. you cannot bring down the debt with a $5 trillion in your accumulated over the last four years to pay it down. you need structure readjustment with the entitlements, also, with social security, medicare, medicaid, also, and, also, the tax reform. the republicans have talked about revenue coming in from growth jobs and getting the economy going. when you get the economy going, you get more money coming into the irs and treasury/ when more americans are at work, they are...
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producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in an economy the reasons we cannot have all the weight of these measures and the central government for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest separatist rallies here since the nineteen seventies over one and a half million cattle and took to the streets to call for independence but the path to becoming a new european state is far from smooth the proposed referendum is against the spanish constitution what's more withdrawing from spain could also force this region to draw back to the european union goes against separatism believe it could do more harm than good. separatism for catalonia would be an economic disaster multi-national companies located in barcelona for access to the spanish working and being in the e.u. that would be lost once more even of se
producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in an economy the reasons we cannot have all the weight of these measures and the central government for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest...
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Nov 21, 2012
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just talk about taxes. the objective of holding the line or lowering taxes is ultimately supposed to contain or reduce the size of the government. do you feel closer or further from that goal today? >> much closer. one is the tea party and the other is the right and budget. up until the tea party, i would have been here and told you obama is going to spend too much money and you can't get the american people upset about spending too much. you have to wait until it becomes a tax increase that's why the protection pledge was i think the best defense against the government. the same misreading of his mandate that he's doing now so when some of us suggested the misreading of the mandate he did it for years ago. he threw away the approval rating to spend the stimulus package written on all this other stuff, massive debt and spending and you had a million people go to the streets around august, april 15th. he had only just showed up and started spending crazily. tarp ii me and you then have a reaction from the mo
just talk about taxes. the objective of holding the line or lowering taxes is ultimately supposed to contain or reduce the size of the government. do you feel closer or further from that goal today? >> much closer. one is the tea party and the other is the right and budget. up until the tea party, i would have been here and told you obama is going to spend too much money and you can't get the american people upset about spending too much. you have to wait until it becomes a tax increase...
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Nov 26, 2012
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taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week. this morning we'll meet with house majority leader eric cantor live in "america's newsroom.". next hour we talk to him where these negotiations are. how much each side is willing to give up and what they want in return. ultimately will they get a deal? eric cantor coming up next hour. martha: it is all in the language and semantics of these discussions. as u.s. lawmakers continue all this wrangling over some kind of budget deal we work towards here at home, european lawmakers are meeting today on their fin
taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week....
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Nov 29, 2012
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taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think
taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with...
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obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that insurance companies must have to structure and price their health care plans. the administration is pressing its luck though, because insurance companies normally need more time than the few months left. >> if they're going to stand this up in 11 months, they are pretty close to the wire of having run out of time to do it. >> what it typically takes anywhere from a year to year and a half for an insurance company to develop new policies, get them approved by regulators and develop all the materials needed to sell them to consumers. >> many other parts of the new law, however, have not been completed. in addi
obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that...
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. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions, they don't specify what specific deductions it would be but that is the cap of tax deductions you could take and there by after that point you don't get any more deductions, so the amount of taxes you pay goes up. now this is not new, jon, this is what really mitt romney and paul ryan were running on, as they talked about it they got hammered again and again for not being specific on what tax deductions and loopholes were going to close. but this was the line for the republican standard bearer, the candidate. so when you hear these senators and congressmen talking about that and
. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions,...
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in taxes. martha: concerns over america's fiscal cliff have sent the markets lower in premarket trading. there is a look at where the dow is poised to open this morning. with the dow, the s & p and the nasdaq all trading lower. speaking of that, a new round of violent protests break out in egypt as police fired teargas into the crowds. here are some of those scenes. >> unbelievable. more than 100,000 people flooded into downtown cairo. this time they are protesting the current president martha maccallum and his power grab. they are disillusioned with what he has brought to their country. then you have this happening. police firing teargas. gypt's highest courts refusing to work in protest of morsi's actions. steve harrigan is streaming live from cairo. the protests looked like the unrest we saw in that same square back in 2009 and the arab spring and the overthrow of mubarak. how dangerous is it? is it more dangerous now? >> this certainly allows similarities between what we saw last night and
in taxes. martha: concerns over america's fiscal cliff have sent the markets lower in premarket trading. there is a look at where the dow is poised to open this morning. with the dow, the s & p and the nasdaq all trading lower. speaking of that, a new round of violent protests break out in egypt as police fired teargas into the crowds. here are some of those scenes. >> unbelievable. more than 100,000 people flooded into downtown cairo. this time they are protesting the current...
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about right now for this so-called fiscal cliff is tiny compared to the amount of spending cuts or tax hikes that would be required to service the debt if the fed stopped buying and let interest rates rise but what is there another factor in this that plays a role which is the dollars the reserve currency i mean even if the u.s. prints to infinity at the end of the day the u.s. isn't zimbabwe it's not argentina there is. the dollar's role in the globe it is it's very important to many different countries that don't have a replacement as of yet so it doesn't all of that kind of complicate an argument that's like oh the u.s. would default on its debt but if we do play into infinity then we will be out. we can't print to infinity and so i think the perception is that it is that we won't do it i think that people feel that eventually the fed will do the right thing that they they will withdraw the liquidity when the time is right so i think the bet is that we're not going to print to infinity that the fed wouldn't do that but i think far too few people perceive how expensive what the cost
about right now for this so-called fiscal cliff is tiny compared to the amount of spending cuts or tax hikes that would be required to service the debt if the fed stopped buying and let interest rates rise but what is there another factor in this that plays a role which is the dollars the reserve currency i mean even if the u.s. prints to infinity at the end of the day the u.s. isn't zimbabwe it's not argentina there is. the dollar's role in the globe it is it's very important to many different...
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with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing money from the social security fund. we are years away from that flipping so that your taxes to pay social security. >> let me jump in. i understand that argument as well in terms of having the entitlement programs basically bankrupt the system. not saying the gop wants to cut it across the board they want to limit it. talk to the people, though, we start to hear social security going out the window and some of the e
with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the...
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it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a for-profit company running one are two schools or a network of schools and having a goal at the end of the year to have money left over to reinvest in the business to make a better and to return over some time to return to shareholders. even at harvard business school, a very small percentage of this was ok. it seemed the paradigm was what kind of activities to be the same the public sector has a legitimate right to provide. therefore it seems an encroachment from the private sector trying to somehow capture rents that are somehow more appropria
it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a...
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region itself a wrist pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government than to actually receive back in terms of investment from from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through this referendum otherwise he would be forced to form some sort of coalition there is a sticking point to him that the referendum is actually against the spanish constitution in the spanish prime minister mari only rush hoy's said he will fight it but some elements of the spanish media are actually saying that after mass could find himself arrested so nothing is clear cut at the moment and even though opinion polls do suggest that the majority of people are in favor of independence there is a strong lobby who are against separatism and their arguments are based on the economy too they say that if cata
region itself a wrist pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government than to actually receive back in terms of investment from from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through...
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but not raising taxes. lindsay graham goes on to something else that he throws out here. >> i agree with we shouldn't raise rates, but i think grover is wrong. what do you do with the money? buy down debt and cut rates to create jobs but i will violate the pledge, long story short for the good of the country, only if democrat will do entitlement reform. >> bill: oh, peter you listen to what these people are saying that's why the media has it all wrong. they are falling for this republican line of crap. republicans lost this election. this was mitt romney's deal. and president obama said we have to have an balanced deal we're going to cut spending to the bone, but you have also got to get rid of those bush tax cuts for the wealthiest of americans, and put it back where it was under president clinton, the greatest economic growth in our lifetime. americans went with president obama's idea. it's now time for republicans to accept this is what the americans want. but instead this is more republican propaganda,
but not raising taxes. lindsay graham goes on to something else that he throws out here. >> i agree with we shouldn't raise rates, but i think grover is wrong. what do you do with the money? buy down debt and cut rates to create jobs but i will violate the pledge, long story short for the good of the country, only if democrat will do entitlement reform. >> bill: oh, peter you listen to what these people are saying that's why the media has it all wrong. they are falling for this...
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Nov 27, 2012
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we raised payroll taxes, and we indirectly taxed social security benefits. we bought more than 50 years of solvency. today, untouched, it will make every promised payment for 22 years. you cannot say that about much in washington, but social security can. it has not added one penny to the deficit. for those who say there is a good reason to push it off the table and we brought another day, i would add a note of caution. small changes made today in social security will play out over the long run it to buy solvency for a long time. i think we should take social security off the table for the current fiscal cliff but be very honest about what we're going to achieve in the near term. i think we should create the equivalent of the simpson- bowles commission for social security and give them eight months to a year to come up with a planned to buy us 75 years of solvency for social security. then bring it to the floor for a vote and allow any bipartisan group who can come up with a credible plan that meets the same goal to offer their own to be voted on in the sena
we raised payroll taxes, and we indirectly taxed social security benefits. we bought more than 50 years of solvency. today, untouched, it will make every promised payment for 22 years. you cannot say that about much in washington, but social security can. it has not added one penny to the deficit. for those who say there is a good reason to push it off the table and we brought another day, i would add a note of caution. small changes made today in social security will play out over the long run...
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by your tax dollars an industry very much in need by the u.s. military. forty cents out of every dollar congress controls now goes to contractors. there's more than twenty thousand private military on the ground with the second largest armed force in iraq or private security the out scaled routes.
by your tax dollars an industry very much in need by the u.s. military. forty cents out of every dollar congress controls now goes to contractors. there's more than twenty thousand private military on the ground with the second largest armed force in iraq or private security the out scaled routes.
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Nov 21, 2012
11/12
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tax reform this. tax implications of the. reduce taxes fine, but no net tax increases. and most republicans in the house and the senate made that commitment, a handful of democrats, about 1300 state legislators, 13 governors, a lot of people chosen to make that commitment to their constituents. everyone's want to become it's to grover, could you tell some of its okay for them to break their word to the constituents? no. i'm not actually in this equation. is a commitments they made to their own voters when the guy elected that they would not support tax increases. they say when i go to washington for not raising taxes. i'm going to reform government so costs less. windows above uncle and reform government. i'm not going to say there's a problem, everybody sending more money to pay for whatever from an continue to do everything we been doing for the last 50 or 70 years on something. when george herbert walker bush campaign with a promise not to raise taxes and then turned around and raise taxes, in return for promises of spending cuts, it didn't happen. the american peopl
tax reform this. tax implications of the. reduce taxes fine, but no net tax increases. and most republicans in the house and the senate made that commitment, a handful of democrats, about 1300 state legislators, 13 governors, a lot of people chosen to make that commitment to their constituents. everyone's want to become it's to grover, could you tell some of its okay for them to break their word to the constituents? no. i'm not actually in this equation. is a commitments they made to their own...
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Nov 24, 2012
11/12
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largest in the game's history a single winner would cash out 213 million before taxes. you can buy tickets in 42 states, including washington, d.c. and the united states virgin islands. a special edition of on the record starts now. >>> tonight, senators mccain and graham former u.n. ambassador bolton, pat buchanan, former state department official liz cheney and former secretary of state henry kissinger, they are all here. we are looking ahead to foreign policy in president obama's second term. this is a special edition of "on the record." >> four years later after the nobel peace prize where do we stand as a nation? in case you haven't her, bin laden is dead, that's good. that's not a foreign policy. there is no coherent foreign policy when we need one. >> we keep hoping something is going to change but it isn't. >> one of the ramifications of an obama presidency is defense is not going to grow. >> the coordinated preplanned and brazen taxes again the u.s. consulate in benghazi, september 11th, was an outrage. >> security was laxed. >> it appears to many persons ma th
largest in the game's history a single winner would cash out 213 million before taxes. you can buy tickets in 42 states, including washington, d.c. and the united states virgin islands. a special edition of on the record starts now. >>> tonight, senators mccain and graham former u.n. ambassador bolton, pat buchanan, former state department official liz cheney and former secretary of state henry kissinger, they are all here. we are looking ahead to foreign policy in president obama's...
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Nov 21, 2012
11/12
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it looks like a tax, it acts like a tax, it is a tax and congress can do it. host: next is from maryland on the independent line. caller: good morning, i have a statement and a question. i notice that the perception of black man might be a little old. many of us are manipulated by the media. i know this when i am even watching c-span when i hear individuals with an african- american cadence, these particular callers get screened. you rarely hear an intelligent black male on c-span. host: we get a lot of callers and we want to hear from all callers. did you have a question? caller: what is your plan to advance the black agenda? we know that black america and the inner cities have been neglected more than occasionally, academically and otherwise. what is the prescription to fix that? guest: i'm the wrong one to ask that question. i think there is a need for improvement in education and better funding and better standards. president obama is quite interested in that subject but is not a subject that gets into the courts and gets decided as a legal issue. i don't
it looks like a tax, it acts like a tax, it is a tax and congress can do it. host: next is from maryland on the independent line. caller: good morning, i have a statement and a question. i notice that the perception of black man might be a little old. many of us are manipulated by the media. i know this when i am even watching c-span when i hear individuals with an african- american cadence, these particular callers get screened. you rarely hear an intelligent black male on c-span. host: we get...
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Nov 25, 2012
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. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no dat
. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come...
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Nov 28, 2012
11/12
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california's voted for taxes. californians voted for the same thing the president is proposing. >> bill: exactly. >> going back to the tax rates for those who earn $250,000 and above and so with those tools alone, california has the possibility of raising revenue. you know in the time that i was there, our budget was $110 billion. by the time i left, it was $83 billion. so the cuts to schools in particular have been absolutely devastating. finally, californians have taken a chance and are going to reverse that. >> bill: california voters said we're willing to raise taxes on the wealthiest and they also said if those republicans are just being obstructionists standing in the way we're going to get them out of the way. so you are hopeful that things can come together. the president today -- the white house announced yesterday the president is going to go on the road. he's going up to pennsylvania. to a toy factory small business on friday. he's going to be making trips around the country to build support for this ta
california's voted for taxes. californians voted for the same thing the president is proposing. >> bill: exactly. >> going back to the tax rates for those who earn $250,000 and above and so with those tools alone, california has the possibility of raising revenue. you know in the time that i was there, our budget was $110 billion. by the time i left, it was $83 billion. so the cuts to schools in particular have been absolutely devastating. finally, californians have taken a chance...
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what about as an example to greece we're seeing portugal just adopting a new budget with president to tax hikes of sturdy measures which will reportedly cost the average worker what a month's salary but it is displaying that it is going to perceive these austerity measures and saying look this is a bit of a pill that really needs to be swallowed if they didn't think it was the right course they wouldn't follow it would they. know what you see they have to because they are in the same condition in the same situation as greece they are relying on support and they are in part of a bailout package so they have to do it they have no choice but high it takes asian will not bring any growth. an important ally there and i think portugal will say look look what the greeks have received a very good package we would like to have the same thing namely low interest rates and long repayment schedules that will be good for us as well and i can imagine it has been fulfilling the requirements very much and very adequately over the past year is thinking about the same so we're setting a wrong example why t
what about as an example to greece we're seeing portugal just adopting a new budget with president to tax hikes of sturdy measures which will reportedly cost the average worker what a month's salary but it is displaying that it is going to perceive these austerity measures and saying look this is a bit of a pill that really needs to be swallowed if they didn't think it was the right course they wouldn't follow it would they. know what you see they have to because they are in the same condition...
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Nov 29, 2012
11/12
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tax cut by reenacting the current tax rates for 98% of americans. that kind of logic only makes sense in washington. in my view, we ought to come to some responsible bipartisan broad agreement now and save all of the chaos and save all of the press coverage of the next five weeks. but we may well not get there. it is better for us to go over the cliff than for the democrats to again agree to a deal in which entitlements get slashed and vital supports for low income seniors, for the disabled, for children who are vulnerable in medicaid get taken away. so that's the bigger dynamic. >> bill: amen to that. i'm going to ask you for 30 seconds, we're right up against the clock. you mentioned this word so i have to ask you. will we get filibuster reform? >> i'm optimistic. we've had some very serious conversations in caucus about it. leader reid has fundamentally changed his view from two years ago when we discussed it before. the proposals that the democrats have put on the table for rules reform are modest and responsible. it is essentially this. if you'
tax cut by reenacting the current tax rates for 98% of americans. that kind of logic only makes sense in washington. in my view, we ought to come to some responsible bipartisan broad agreement now and save all of the chaos and save all of the press coverage of the next five weeks. but we may well not get there. it is better for us to go over the cliff than for the democrats to again agree to a deal in which entitlements get slashed and vital supports for low income seniors, for the disabled,...
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Nov 27, 2012
11/12
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if you remember, the package to extend the tax cuts also included a payroll tax break a child tax credit and other stimulus measures amounting to $238 billion. democrats failed as they do so many times was in messaging and communicating the fact that they actually caught the better end of the deal. we'll post a link to that article in our chat room to check it out. we'll have more bill for you after the break. stay with us. you're about to watch an viewer created ad message for little caesars who proudly salutes united states veterans everywhere. >> clarksville is a small town on the tennesse/kentucky boader and it is a really great place to raise a family. my name is lloyd allard i was a chief officer in the special forces, i was in the army for 23 years. i have made 1400 parachute jumps. well, my experience in the military was varied. i spent a lot of time in iraq, a lot of time in kuwait. i did two tours in iraq and i decided it was time to do something different with my life. i saw little caesars as a way to give something back to my family. the little caesars veterans program provid
if you remember, the package to extend the tax cuts also included a payroll tax break a child tax credit and other stimulus measures amounting to $238 billion. democrats failed as they do so many times was in messaging and communicating the fact that they actually caught the better end of the deal. we'll post a link to that article in our chat room to check it out. we'll have more bill for you after the break. stay with us. you're about to watch an viewer created ad message for little caesars...
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Nov 28, 2012
11/12
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tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put it back in gear. and there are many reasons beyond just employment and the opportunities that family have -- families have to make it. one of the critical elements in all of this is to protect americans. we recently saw superstorm san joaquin smash into -- sandy smash into new jersey and new york with devastating results. loss of life, incredible loss of property, both public and private, and a very, very big cleanup bill. joining me in a little while will be some of our representatives from the state of new york. and
tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put...
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Nov 25, 2012
11/12
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today two more republicans who previously refused to consider tax hikes are
today two more republicans who previously refused to consider tax hikes are
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Nov 22, 2012
11/12
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you're married under state law, why shouldn't you be married for social security purposes and income tax purposes. >> cenk: the supreme court says you must be, although we'll have to come back to pars the opinion and the votes, thank you as always for making the complex understandable. >> thank you. >> eliot: we've had 50 years of non-and nuclear war but is nuclear war more likely every year? that's ahead on "viewpoint." en >> eliot: the threat posed by north korea, pakistan and iran, and what we need to be doing about it in the second nuclear age. that's next on "viewpoint." [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >> eliot: in a bipola
you're married under state law, why shouldn't you be married for social security purposes and income tax purposes. >> cenk: the supreme court says you must be, although we'll have to come back to pars the opinion and the votes, thank you as always for making the complex understandable. >> thank you. >> eliot: we've had 50 years of non-and nuclear war but is nuclear war more likely every year? that's ahead on "viewpoint." en >> eliot: the threat posed by north...
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move their products around the nation at a lower cost more workers and businesses make more money more tax revenue comes into the government pays down our deficit this is econ one hundred one so the question is why are people still opposed to the government investing in our national infrastructure let's ask austin piers libertarian commentator and director of production of freedom or it's a go back thank you for having me glad to have you with us what is it about the difference between spending and investment that libertarians don't get well because nobody said that that investment that roads are actually an investment you have to understand you know if you know how capitalism works if you know how that works then roads we're going tom we don't need roads and you have to understand in our advanced economy today that there is not a lot of reason not to have roads and have the capital that is going to give us all of but a large jets and that's right absolutely absolutely and if you look at pax right and if you look at north korea if you think that it's going to roads build an economy they ha
move their products around the nation at a lower cost more workers and businesses make more money more tax revenue comes into the government pays down our deficit this is econ one hundred one so the question is why are people still opposed to the government investing in our national infrastructure let's ask austin piers libertarian commentator and director of production of freedom or it's a go back thank you for having me glad to have you with us what is it about the difference between spending...
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Nov 27, 2012
11/12
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you probably know this, it bears repeating here, you're opposed to raising any taxes, anyone's taxes, even some in his party are flirting with compromise on that issue. senator paul, welcome. thank you for joining me. >> good to be with you. >> you know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the weekend. he will continue to have discussions with those two leaders as well as leader pelosi and senator mcconnell in the days and weeks coming forward. i don't have a schedule for those conversations to provide to you, but he will speak with them and meet with them as appropriate. >> senator, all this talking, will you tell us, tell americans if you're in the loop, if you are privy, tell us who is talking to who in these fiscal cliff negotiations and where are the talks happening? >> you know, i'm not included in those talks. i've been talking with the folks in my state in kentucky, though, and they're not interes
you probably know this, it bears repeating here, you're opposed to raising any taxes, anyone's taxes, even some in his party are flirting with compromise on that issue. senator paul, welcome. thank you for joining me. >> good to be with you. >> you know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the...
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organizations even grover norquist whose name we've been hearing quite a lot the president of americans for tax reform all of these sort of different fashions of come together and they've said you know what this is a good thing that the government should not be able to do this without giving permission just one other aspect of the bill i want to mention is that if they do obtain a warrant language in the bill says that unless there's a threat to homeland security that they have to let the person know they have to let you know if they in fact get a warrant to get your electronic communication so really a victory in the eyes of quite a few privacy rights advocates now the president on the senate judiciary committee patrick leahy democrat from vermont he's been around for. quite a long time now when you when the when this first bill was passed i spoke to his office a little while ago he says this is a huge victory this is much needed progress he spoke on camera just a little while ago. three decades out in act what effect problem merican face even greater threat to the digital privacy witness expl
organizations even grover norquist whose name we've been hearing quite a lot the president of americans for tax reform all of these sort of different fashions of come together and they've said you know what this is a good thing that the government should not be able to do this without giving permission just one other aspect of the bill i want to mention is that if they do obtain a warrant language in the bill says that unless there's a threat to homeland security that they have to let the...
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Nov 29, 2012
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host: when you say tax provisions, increased taxes? guest: yes. some of the tax increases on higher income people. there's a new tax on -- new tax limitations on people with high incomes that go into effect in 2013. sort of in anticipation of 2014. to bank some of the money, if you will, that will pay for some of the things like these subsidies people will be getting when they go to these exchanges that start in 2014. host: republicans in congress, are they still pushing for a repeal or altering the a.c.a.? >> repeal, not so much. i think we saw right after the election, saw a number of republicans who were acknowledging, yes, it was, if you will, a referendum on the a.c.a. it is here to stay. it is the law of the land. probably not so many out and out repeal votes. that doesn't mean there still won't be efforts to change it. as i mentioned i think you'll see some of those in these -- fiscal cliff talks that you might see. there's a lot of elements to this law that are controversial. >> today's "washington journal," available any time in our video
host: when you say tax provisions, increased taxes? guest: yes. some of the tax increases on higher income people. there's a new tax on -- new tax limitations on people with high incomes that go into effect in 2013. sort of in anticipation of 2014. to bank some of the money, if you will, that will pay for some of the things like these subsidies people will be getting when they go to these exchanges that start in 2014. host: republicans in congress, are they still pushing for a repeal or...
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Nov 21, 2012
11/12
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something about taxes -- taxes are extracted. usually paid voluntarily. that is an oversimplification. actually, officials at the irs will tell you well over 90% of individual taxpayers governments necessarily wrong. we all want government voluntarily and responsibly comply with tax laws. there is plenty of tax evasion out there, but most americans fulfill their responsibilities, but taxes are extracted. we have to pay for government. we, in public administration, believe in good government. the problem is, how do we maintain it would we have to criticize it all the time? how do we maintain the good parts of it? the other contribution to the decline in the prestige reagan , even of government included pro-market anti-government. by economists which were very prominent academically. reaganomics was, in a sense, invented on university campuses. the media describe themselves as a watchdog, quite appropriately. it is essential we have an aggressive news media that hold the government and other entities accountable. if they are doing things wrong, we want them
something about taxes -- taxes are extracted. usually paid voluntarily. that is an oversimplification. actually, officials at the irs will tell you well over 90% of individual taxpayers governments necessarily wrong. we all want government voluntarily and responsibly comply with tax laws. there is plenty of tax evasion out there, but most americans fulfill their responsibilities, but taxes are extracted. we have to pay for government. we, in public administration, believe in good government....
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Nov 28, 2012
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that's how you can raise tax revenue without raising tax rates. although technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit those in the upper income, and that we're willing to look at those, and to make sure that what we do does bring in more revenue by robust economy. >> and it wouldn't be a violation of a sort of a marriage vow to grover norquist. he has said that violating his pledge is somehow akin to, you know, violating your marriage vows. you don't -- your deal is with your constituents, not with grover norquist? >> that's right. that's exactly right. >> i want to talk a little bit about the debt ceiling because this is coming into play here. grover norquist, again, has written
that's how you can raise tax revenue without raising tax rates. although technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit...
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Nov 29, 2012
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, $15 million in state tax, using missouri state tax rate. guess what? governments take nearly a billion dollars, took in nearly a billion dollars last night and the winner split 232 million. so 116 million. >> gretchen: here is the question that nobody can answer for me today. that is the whole purpose of the lottery, the intention of the lottery originally was for states to raise money to help education. >> sure. >> they do. >> gretchen: excuse me. we are terrible at school right now. our students are on a downgrade. we're talking constantly about having no budgets for our schools and we're talking right now on capitol hill about raising taxes because we have no money. >> and by the way, guys, there is a huge, huge controversy brewing over this literally trillion dollar bomb that could explode in student loans defaulting and maybe there is going to be some sort of push to bail that sector out. maybe that's the next obama bailout. >> steve: thank you very much. we'll be watching you and brian. you'll be two of the five on "the five." >> bria
, $15 million in state tax, using missouri state tax rate. guess what? governments take nearly a billion dollars, took in nearly a billion dollars last night and the winner split 232 million. so 116 million. >> gretchen: here is the question that nobody can answer for me today. that is the whole purpose of the lottery, the intention of the lottery originally was for states to raise money to help education. >> sure. >> they do. >> gretchen: excuse me. we are terrible at...
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Nov 26, 2012
11/12
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there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. until i show them this. the oral-b pro-health clinical brush. its pro-flex sides adjust to teeth and gums for a better clean. the pro-health clinical brush from oral-b. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duc
there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the...